---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-023565"
form_type: "8-K"
ticker: "CREX"
cik: "0001356093"
company_name: "CREATIVE REALITIES, INC."
filed_at: "2025-07-28T23:59:59+00:00"
generated_at: "2026-05-18T00:12:17.863079+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Creative Realities amends credit agreement: borrowing base margin steps down to 85% by Oct 31

## Summary
- Second Amendment to Credit Agreement with First Merchants Bank lowers borrowing base margin from 95% to 85% over four months.
- Borrowing base margin: 95% through Sep 29, 2025; 90% through Oct 30; 85% from Oct 31 onward.
- Amendment effective June 30, 2025; reduces availability under revolving line of credit tied to contract liquidation value.
- Borrowers reaffirm all representations and release Bank from prior claims.
- Bank may require a new collateral appraisal at Borrowers' expense by Dec 31, 2025.

## SEC filing metadata
- accession: 0001437749-25-023565
- form_type: 8-K
- ticker: CREX
- cik: 0001356093
- company_name: CREATIVE REALITIES, INC.
- filed_at: 2025-07-28T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1356093/000143774925023565/0001437749-25-023565-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1356093/000143774925023565/crex20250724_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-023565
- JSON: https://secwatch.observer/filing/0001437749-25-023565.json
- Plain text: https://secwatch.observer/filing/0001437749-25-023565.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.